$GLD rally may be coming to end 06-16-2014

SPDR Gold TrustArca

Description

⋅ Jun 16, 2014 9:19 PM

GLD is approaching trendline resistance and likely to give a reversal pattern, The broader downtrend is still intact and the SMII may reverse right at the downtrend line on the indicator. Once the reversal comes the target s just below $119.